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To: skeeter
To mitigate potential damages in judicial proceedings, the general contractor (my company) pays hefty insurance premiums.

Furthermore, we require the subcontractors to carry insurance also. Nevertheless, sometimes the subcontractor will make a few payments on the his insurance and stop further payments, leading to a situation where he can show me a piece of paper claiming he has insurance when he does not.

It's frustrating, but it's part of the risk of doing business.

In order to further protect ourselves, the original general contractor was broken up into three different companies. In case one those companies has to go under due to a large adverse judgment, at least the remaining other companies that can provide some help to start over.

27 posted on 02/17/2004 8:30:27 AM PST by george wythe
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To: george wythe

sometimes the subcontractor will make a few payments on the his insurance and stop further payments, leading to a situation where he can show me a piece of paper claiming he has insurance when he does not.

Can you call the insurance company to check if the policy is paid up?

40 posted on 02/17/2004 9:38:35 AM PST by Dan Evans
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